The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The Euro has gone back and forth during the trading session on Thursday, as we are sitting just above the 50 day EMA.
The NASDAQ 100 has rallied a bit during the trading session on Thursday, breaking above the 9000 level but pulling back a bit as the markets may have gotten a bit overextended.
The S&P 500 has rallied a bit during the trading session on Thursday, breaking out to a fresh new high.
The US dollar has rallied a bit during the trading session on Friday as we get the jobs figure.
The Australian dollar has initially tried to rally during the trading session on Thursday but gave back the gains to show signs of exhaustion again.
The British pound initially tried to rally during the trading session on Thursday but then turned around to reach towards the 1.30 level before bouncing yet again.
Natural gas markets went back and forth during the trading session on Thursday, showing signs of support underneath.
Bitcoin ended up breaking lower during the trading session on Thursday, in a perfect selling opportunity based upon the shooting star from the Wednesday session
The West Texas Intermediate Crude market initially fell during the trading session on Thursday but turned around to form a bit of a hammer sitting right at the 50 day EMA.
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Gold markets initially fell during the trading session on Thursday, breaking below the $1550 level before turning around to rally.
While the Eurozone is anticipated to face similar issues in 2020 as it has over the past decade, the Euro may find itself being pushed to the upside.
Bullish momentum is expanding after this currency pair grazed the top range of its short-term support zone.
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AUDUSD: Bearish below 0.6882
USDJPY: Strongly Bullish